accepts the credit line from the EU Emergency Fund, then Houston,systems are all go.
IF they don't, and instead there is blather on top of blather about some sort of compromise and no need for these funds now, watch out below.Mr.Market wants to hear one thang.
I still think, the markets will temporarily continue their slight bias lower. And we still must watch oil.
Too many unknowns. Wearing my boots for a while. It's gonna start to pile up.
Just prior to market close I purchased a boat load of IBM Jan 200 puts.IBM was up around $211 at the close.
It's down around $6.50 now.
Since this is not an IBM board, I'll keep it brief as related to our SLW and metals.
AFter cooking whatever numbers they could, it all boiled down to revenue which missed big time and guidance,which, in Eurozone and Asia will be lighter.
Tech is in trouble. When tech is in trouble INTC,IBM, and as we will see shipping rev.down,this all portends towards a global slowdown. We knew it was coming.
Just have to prepare for it.
We are entering the recession they won't admit to.